BTS members were currently the shareholders of Big Hit Entertainment.
The members of the South Korean pop group BTS were currently the shareholders of Big Hit Entertainment as each of them had received 68,385 shares of their agency.
In a Twitter post from Sam Kim of Bloomberg, each BTS member — V, RM, J-Hope, Suga, Jungkook, Jin, and Jimin — had received 68,385 shares from their agency and every share would be worth up to USD 113 when the agency went in its initial public offering (IPO) this year.
Sam also said that this means each member would be at least USD 7.7 million richer the moment shares were listed — and it’s only a start.
More congrats to BTS. Each member has received 68,385 shares of their agency and each share will be worth up to $113 when the agency goes IPO this year. That means each member will be at least $7.7 million rich the moment shares are listed. Of course it's only a start. pic.twitter.com/muyaWvItoD
— Sam Kim (@samkimasia) September 2, 2020
Based on a report from Bloomberg, Big Hit was set to have the largest South Korean IPO in three years as the company was considering to raise as much as 962.6 billion KRW (USD 812 million) when it debuts on the Korea Composite Stock Price Index (KOSPI) in October.
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According to a statement that was released on Wednesday as obtained by Bloomberg, Big Hit Entertainment was offering 7.13 million shares of stocks and were pricing it at 105,000 KRW – 135,000 KRW per share.
Bang Si-hyuk, the founder and Chief Executive Officer at Big Hit Entertainment, was the largest shareholder of the company as Bang owned 43.44% of the total shares.
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